Heat Dome Halts German Trains After Track Sealant Liquifies

North Korea Battles Record Heat By Prescribing Dog Soup And Propaganda In "that's enough internet for today" news... North Korea has apparently found the answer to record-breaking summer heat: dog-meat soup, chicken broth and stories about how hard Kim Jong Un sweats, according to Reuters. Pyongyang hit 98 degrees, on Thursday, which state media said was the highest temperature recorded in the capital. With tropical nights piling up, the regime has rolled out an unusually enthusiastic summer survival guide. Some advice is straightforward: watermelon, cucumbers, mung beans and plenty of fluids. Then things...

Celsius Shares Crash As Revenue Misses Estimates Celsius Holdings, the Florida-based beverage company with a portfolio of some of America's top-performing energy drinks, reported weaker-than-expected second-quarter results, as revenue, adjusted earnings, and profitability missed Wall Street estimates. Second-quarter adjusted earnings fell to 36 cents per share from 47 cents a year earlier, below the 41-cent Bloomberg Consensus estimate. Revenue increased 11% to $817.9 million but missed the $872.6 million estimate, with North American sales of $790.7 million also falling short. Profitability deteriorated despite sales growth. Gross margin narrowed to 48.1% from...

"Zero Hormuz Dependency": UAE Races To Rewire Energy Flows, Bypassing Chokepoint Chaos The shuttered Strait of Hormuz is expected to reopen within days, though conflicting reports suggest the US-Iran memorandum of understanding could be formally signed as early as today, Thursday, or Friday. Either way, the interim peace deal appears likely to be signed within the next 48 hours, setting the stage for energy flows through the critical maritime chokepoint to begin normalizing, a process that could take many months. The broader takeaway is that buyers of crude, refined...